Gold / Silver: What This "Large Non-Confirmation" May Mean :: The Market Oracle ::
related markets tend to move in unison. However, when a trend is near exhaustion -- either bullish or bearish, "non-confirmations" often occur. This is when one market continues to rise (or fall), but a related market does not. As a case in point, the Feb. 3 U.S. Short Term Update, an Elliott Wave International thrice weekly publication which provides near-term forecasts for major U.S. financial markets, discussed the details of a non-confirmation between the price action of gold and silver. Here's a chart and commentary: [Silver] plunged nearly 13% in a matter of ten hours from Monday night...
Source: marketoracle.co.uk